Yueying: Bitcoin and Ethereum Market Analysis on 4.28, Cautious of Trend Reversal, New Highs May be a Trap
I am Zhou Yueying, let’s take a look at today’s share!
Bitcoin Technical Analysis————
Looking at Bitcoin's daily chart, the previous K closed bearish. After testing downwards at the opening of the day, it rebounded and stood above the 7-day moving average. The Bollinger Bands are running upwards with signs of contraction. Short-term moving averages are arranged upwards, and the MACD fast and slow lines are extending upwards with a decrease in volume. The KDJ is rising again, paying attention to the resistance near the 100 level, and the VR indicator is consolidating around the 280 level. In the 4-hour chart, the market briefly broke the lower track but recovered, breaking through the moving averages and testing upwards at the middle track. The Bollinger Bands continue to contract and narrow, and short-term moving averages are operating around the middle track. The MACD fast and slow lines are extending downwards with a decrease in volume, and the KDJ has crossed upwards with the VR indicator consolidating around the 150 level. Overall, after a pullback, the market quickly recovered. The divergence on the 4-hour level has not been corrected for the time being, so any short-term rebound should be treated with caution. The main chart indicators on the 4-hour level suggest that the market is about to break the high-level fluctuation structure. For short positions, continue to refer to the previous high below. If it breaks, wait for new highs to appear before re-entering, focusing on short-term.
Bitcoin Short-Term: 95300 short, (96600 short), 92800 long (91880 long) (Strategy activation has space for self-assessment)
Ethereum Technical Analysis————
Ethereum's daily chart is still below the 60-day moving average and facing resistance at the upper track. Therefore, the short-term thinking remains unchanged. First, refer to the previous high below. If broken, consider the resistance below 1900. The short-term support remains around 1700, focusing on short-term.
Ethereum Short-Term: 1838 short (1878 short), 1738 long (1688 long) (Strategy activation has space for self-assessment)
——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn to operate with me!
